VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sets New 12-Month Low – Time to Sell?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares hit a new 52-week low during trading on Thursday. The company traded as low as $49.82 and last traded at $49.8450, with a volume of 21799 shares trading hands. The stock had previously closed at $50.06.

VictoryShares Short-Term Bond ETF Stock Performance

The firm’s 50 day moving average price is $50.28 and its two-hundred day moving average price is $50.46.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 8th will be given a dividend of $0.2060 per share. This represents a $2.47 dividend on an annualized basis and a yield of 5.0%. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1834. The ex-dividend date of this dividend is Thursday, October 8th.

Institutional Trading of VictoryShares Short-Term Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Client Services LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the third quarter valued at approximately $236,000. Stonebridge Financial Group LLC increased its holdings in shares of VictoryShares Short-Term Bond ETF by 86.7% during the 3rd quarter. Stonebridge Financial Group LLC now owns 1,731,326 shares of the company’s stock worth $86,359,000 after acquiring an additional 804,125 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VictoryShares Short-Term Bond ETF by 10.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 171,901 shares of the company’s stock worth $8,702,000 after acquiring an additional 16,247 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in VictoryShares Short-Term Bond ETF by 3.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 214,309 shares of the company’s stock valued at $10,848,000 after acquiring an additional 7,838 shares during the period. Finally, Waverly Advisors LLC raised its stake in VictoryShares Short-Term Bond ETF by 5.2% in the 2nd quarter. Waverly Advisors LLC now owns 474,980 shares of the company’s stock valued at $24,043,000 after acquiring an additional 23,395 shares during the period.

About VictoryShares Short-Term Bond ETF

The Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three years or less. USTB was launched on Oct 24, 2017 and is managed by VictoryShares.